The Russian Polyplastic Group chose Radius Systems as its first corporate purchase in Europe – and the piping firm has more than justified that decision.
Radius is the most profitable company in the Alfreton area making £19.2m profit on £86m turnover – a very respectable return.
The company makes polyethlyene and pvc pipes at its factory in Hilcote, Derbyshire, and facilities at Banbridge and Lurgan in Northern Ireland.
Chief executive Andy Taylor joined 18 months ago, just before the acquisition by Polyplastic in February 2013.
He has since led a rejuvenated, more efficient company which has been on the acquisition trail itself.
Radius bought Aeon valves in Darlington and Sub Terra – a Dorset pipe renovation firm – last year.
And it has just signed a partnership with Kelit in Austria to work on a district heating system.
At the time of the Polyplastic takeover Andy Taylor said: “It is exceptionally good news for the Radius Group and should be welcome reassurance for both our loyal employees and those suppliers who have supported the business through a tough two-year period.
“With Polyplastic’s involvement and experience, we will be able to capitalise on being part of a substantial international Group.
“Our common competencies will allow us to access new market prospects and by leveraging our combined innovation, technology and scale we will deliver benefits to both our existing customers and our new owners”.
Radius Systems has two subsidiaries, Radius Telecoms, a cable manufacturer in Northern Ireland, and service arm, Radius Plus.
Meanwhile Guilford, fourth most profitable in the district and 32nd in the overall manufacturers’ list for turnover, made £4m.
Its plant in Somercotes, Derbyshire, makes seat and roofing fabrics for virtually every car manufacturer.
It is part of an American group founded in North Carolina which was purchased in 2012 by the Lear Corporation, a leading automotive seat manufacturer.